CapitaLand Ascott Trust (CLAS) has acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation property in South Carolina, United States of America (USA).  The earnings before interest, taxes, depreciation and amortisation (EBITDA) yield on total development cost is expected to be approximately 7%.  This is higher than the 6.2% EBITDA yield that was projected in 2021 on the basis that the property has achieved stable performance.  The acquisition is funded by proceeds from CLAS’ earlier divestments.